TABLE OF CONTENTS

1 INTRODUCTION 4
2 METHODOLOGY AND SCENARIOS 6
3 MARKET EVOLUTION 8
　3.1. Historical PV market development 8
　　a. EU PV Power Map and world-wide figures 10
　3.2. The EU market in 2010 and the forecast to 2015 11
　　a. Current situation in the EU 11
　　b. Market segmentation in the EU 12
　　c. PV electricity production in the EU 13
　　d. The leading renewable energy technology 13
　　e. Scenarios by country 14
　　f. EU forecasts for PV until 2015 25
　　g. Reaching 2020 targets 25
　　h. Support schemes in the EU 27
　3.3. World market in 2010 and evolution until 2015 28
　　a. Global situation 28
　　b. Scenarios by country 29
　　c. Forecasts until 2015 34
4 INDUSTRY EVOLUTION 36
　4.1. China and the EU: 2 faces of the same medal? 36
　　a. A temporary mismatching? 37
　4.2. Production capacity overview 37
　　a. Overcapacity: the numbers 37
　　b. Overcapacity: a real problem? 38
5 CONCLUSION 39
Annexes 40
Definitions 42

Figure 1 - Evolution of global cumulative installed capacity - 2000-2010 Figure 21 - 2010 market share outside EU (MW, %) Figure 22 - 2010 global cumulative installed capacity share (MW, %) Figure 29 - Global annual market scenarios - Moderate and Policy-Driven EPIA（ＨＰ/2011/5）による『Global Market Outlook for Photovoltaics until 2015』から